Young Entrepreneur Thrives in Moscow

KupiVIP CEO Oskar Hartmann explains how he created his company in just one day before his 25th birthday and how the company managed to thrive during the economic crisis.

This transcript has been automatically generated and may not be 100% accurate.

... twenty eight overall ... it's one of Russia's most successful new ... in this ... together with his business ... he founded the PPIP flash sales site ... the tip of the Palm Pre Beige Book ... and adapted it to brushes unique situation ... we're not talking central Moscow aam I courses of PPIP ... one of Russia's largest audience at companies and specializing in ... Epstein stops ... on Flash Sales ... with me is also common is the chief executive ... and this is already that as he set it up in a single day just before his birthday ... and I won and that's true one off ... if the through put some reason they aren't the progress of the sense of urgency ... you always believe if you don't do it to make this somebody else will ... I phone the night yes or ... on the is that that that that people create such a mess of value the Russian acumen ... that I had to stop now I have no more ... because the data due to the head was ... something of that we should of been good enough client that some point of slack ... you set up in in ... in in a note and won twenty three Bad Tom Disses the crisis the financial crisis is breaking but in another way that that that actually come to crave ... yes of course and at every and the Prana to the ball that is being spent on the service or services ... Iowa City to be to see that the brand name Fullman this very important and that the crisis hit ... Russell of the hardest hit in the world ... old friends your head over the pre or that the multiples that are coming to Russia's of it ... by opening new bands that boasts ... four yet the Panella spent five years old was very easy to get the things that France ... will a Post it brand to see you on the entire Copeman of the me me and they were ... doing the experiment with new channel but that did the crisis is one of the reasons why were successful push to ... to be a very begin month brands ... in terms of conducting business in I can go to ... him ... at the country's dip in every country as team and ... boxes them that the success ... is there anything about Russia that that that you think that people mix understand ... I think that people think of is understandably beneath its different at all the fundamental laws that ... working in other countries over to his more similarities than differences in the Perth because of the standings ... people focus on different rather than to focus what is the same and the selloff haunted ... him that it can be employed here that will work it's going to get them right ... so that only thing that this may be ... in there been any and all Russia is even more that there are times when to pronounce the ... word ... buried NNA in the environment we have to make decisions spots to have to be seen in Basel ... and other companies fail here because them of ... the trade structure of the people to take decisions boss ... because that that that they have to ask the court tussle with the rights of working ... and and ... access to capital what ... you need is there not happen in Russia itself is extremely wealthy ... aam is can you get the capital that uni ... there's absolutely enough capital if you get the full components you need to build the great company you need to fall into an eight year kept on any new take a long execution ... if you do it this in the fall in US and Russia everybody wants to become forty two percent of the people you want to do their own company ... as another low kept the lead financial capital that this will come into Russian local tip of the government is stepping up on ... the small Maaco Kepco defund who could use with fondness ... this is a lot of ideas that you can do other things that some easing in Russia steal the top of their value that consumers receive ... hundreds of being received here ... Doherty real bookmaker crises with execution capability ... did did they Enegy and speed and execution that is required to build some of its value is very hard to be confined to this is what investors are struggling to speak to investors and they are struggling to find ... a place with the can employ Kepco that day with the Red Bulls tried ... that and that the bigger book ... thank you very much into it ...